Advanced Flower Capital Inc. Announces Financial Results for Third Quarter 2024
Advanced Flower Capital Inc. (AFCG)
Company Research
Source: GlobeNewswire
Third quarter 2024 GAAP net income of $1.4 million or $0.06 per basic weighted average common share and Distributable Earnings(1) of $7.2 million or $0.35 per basic weighted average common share Paid first post-spin dividend of $0.33 per common share for third quarter 2024 WEST PALM BEACH, Fla., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (f/k/a AFC Gamma, Inc.) (NASDAQ:AFCG) (“Advanced Flower Capital”, “AFC” or the “Company”) today announced its results for the quarter ended September 30, 2024. AFC reported generally accepted accounting principles (“GAAP”) net income of $1.4 million or $0.06 per basic weighted average common share and Distributable Earnings of $7.2 million or $0.35 per basic weighted average common share for the third quarter of 2024. “We are pleased with the strong quarter, driven by our continued focus on active portfolio management and origination. One of my top priorities when I joined AFC was to reinvigorate our
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News
- Seeking up to 14% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy [Yahoo! Finance]Yahoo! Finance
- AFC Gamma Inc. (AFCG) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- DigitalBridge (DBRG) Q3 Earnings and Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Advanced Flower Capital Schedules Third Quarter 2024 Earnings Conference Call for November 13, 2024GlobeNewswire
- AFC Gamma, Inc. (NASDAQ: AFCG) was upgraded by analysts at Seaport Res Ptn to a "strong-buy" rating.MarketBeat
AFCG
Earnings
- 11/13/24 - Beat
AFCG
Sec Filings
- 11/13/24 - Form 8-K
- 11/13/24 - Form 10-Q
- 10/22/24 - Form 8-K
- AFCG's page on the SEC website